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Persistent link: https://www.econbiz.de/10012820029
Central banks are increasingly focused on the risks from climate change for the economy and financial system. Two sets of risks are of particular concern: physical risks from more frequent and severe weather events, and transition risks from the move toward a lower-carbon intensive economy. This...
Persistent link: https://www.econbiz.de/10012224194
meeting global emission targets. Most of the consumption gains from endogenous growth are captured in the baseline. Moreover …, mitigation costs turn out to be insensitive to changes in most of the parameters of endogenous growth. A higher effectivity of …
Persistent link: https://www.econbiz.de/10013101105
meeting global emission targets. Most of the consumption gains from endogenous growth are captured in the baseline. Moreover …, mitigation costs turn out to be insensitive to changes in most of the parameters of endogenous growth. A higher effectivity of …. -- Endogenous growth ; directed technical change ; technology transfer ; integrated assessment ; carbon budget ; China …
Persistent link: https://www.econbiz.de/10009656602
I build a quantitative model of economic growth that can be used to evaluate the impact of environmental policy … evidence on energy use, efficiency, and prices in the United States, as well as the standard balanced growth facts. I use the …
Persistent link: https://www.econbiz.de/10012817938
current level of utility is lower than this value, there is room for growth of both the utility level and the maximin value …. For any resource allocation mechanism (ram) and economic dynamics, growth is limited by the long-run level of the maximin … growth to stop, and the adoption of maximin decisions instead of the current ram. We illustrate this pattern in two canonical …
Persistent link: https://www.econbiz.de/10012104003
We analyze the adoption of green technology in a dynamic economy affected by random shocks where demand spillovers are the main driver of technological improvements. Firms' beliefs and consumers' anticipations drive the path of the economy. We derive the optimal policy of investment subsidy and...
Persistent link: https://www.econbiz.de/10011657885
We discuss climate change and resource scarcity from the perspective of macroeconomic modeling and quantitative evaluation. Our focus is on climate change: we build a very simple “integrated assessment model,” ie, a model that integrates the global economy and the climate in a unified...
Persistent link: https://www.econbiz.de/10014024273
We develop an optimal policy assignment rule that integrates two distinctive approaches commonly used in economics--targeting by observables and targeting through self-selection. Our method can be used with experimental or quasi-experimental data to identify who should be treated, be untreated,...
Persistent link: https://www.econbiz.de/10013388825
Persistent link: https://www.econbiz.de/10011960470